Cost of Living in Wedgewood, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
175.8
100 = national avg
+75.8 vs national average
Living Wage (1 Adult)
$77,333
per year
Living Wage (Family of 4)
$182,788
per year
Cost Index by Category
Housing180.3
Food151.8
Transportation203.5
Healthcare141.4
Utilities147.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$826
per month
2 Bedroom
$1,084
per month
The overall cost of living index in Wedgewood is 175.8, which is 75.8% above the national average. Housing costs are above the national average at an index of 180.3. A single adult needs to earn approximately $77,333 per year to cover basic expenses.